Normalized OBV
When looking at the information of On Balance Volume indicator, a question arises: is it a strong or weak movement? Should it be compared with previous days? These data should be normalized to always have a reference.This indicator presents the follo
When looking at the information of On Balance Volume indicator, a question arises: is it a strong or weak movement? Should it be compared with previous days? These data should be normalized to always have a reference.
This indicator presents the followings parameters:
Normalization period (Max-Mins absolute)
Smoothing period (-1 off)
Tick/Real Volume
Maximum number of bars to calculate (-1 off)
Upper value normalization
Lower value normalization
Calculation: normOBV = (value - absMin) * (relMax - relMin) / (absMax - absMin) + relMin
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